U.S. stocks end on a strong note but this week was the worst since the March selloff. Wall Street may have celebrated the U.S. market indexes closing higher today but the DJIA, Nasdaq, and S&P 500 all suffered the largest weekly percentage drop since March. On Thursday, the indication from the Federal Reserve…
Consumer Discretionary Stocks May Be Making Headway as the U.S. Reopens for Business Many of the stocks within the consumer discretionary sector have been hit hard by the quarantine lockdowns put in place due to COVID-19. With retail spending subdued for several months now, it’s no wonder it has put a strain on growth.…
If you live paycheck to paycheck, saving money may not be at the top of your priorities. After all, how do you set aside a few dollars if you’re struggling to even pay your bills? If you don’t want to get stuck in that vicious cycle, however, you need to learn how to consciously save…
Not all debts are bad. Some can help you reach your financial goals. It typically depends on the kind, quantity, and cost of the debt you take on as well as how you manage it. For instance, credit cards are excellent tools for paying more significant expenses and accumulating reward points. However, if you…
Contrary to popular belief, you don’t need to have millions of dollars to begin investing in the stock or real estate market. In fact, you can start investing if you have $50 to spare every month. This guide focuses on the ways you can start your investment journey with at least $100. Is $100…
Many people start budgeting, intending to really make it work. Unfortunately, most people quickly return to lousy spending habits once they fail to stick to their budget. The key to establishing a budget that works for you is to realize that there’s no one-size-fits-all solution when it comes to managing your money. In fact,…
Whether it’s your first time taking control of your finances or you have been managing your expenses for quite some time, you may be committing a few mistakes. Most of them are not significant missteps. Therefore, you may not notice their effect on your wallet unless you’re looking for it. However, these effects do…
While placing money in a 401(k) or IRA dominate discussions on retirement planning, they are not your only options when preparing for your golden years. In fact, many financial experts recommend taking other retirement preparation approaches to maximize your savings opportunities. Not only will it allow you to save more during your pre-retiree years,…
Understanding the financial landscape starts with dissecting its lingo. Established investors and financial advisors use a ton of buzzwords, such as asset allocation and expense ratio, which can be difficult to keep track of for industry newbies. It is no wonder the language has held back many from pursuing their investment dreams. Do not let…
Debt is overwhelming when you’re single, but it’s an entirely different monster when you’re going through it as a family. Several futures are at stake. The good news is that there are plenty of success stories of families getting out of debt. How do they do it? 4 Steps to Getting Out of Debt…